Inflation rate might drop to 5-6% by end of 2010.

By bne IntelliNews June 10, 2010

India's inflation rate is likely to ease to 5-6% by the end of 2010 on the back of a normal monsoon and monetary policy tightening by the Reserve Bank of India (RBI) As reported by Dow Jones International News, the inflation rate rose 9.59% y/y in April, higher than the central bank's estimate of 5.5% for FY 2010. The government expects the economy to grow more than 8.5% in FY 2011.

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